Boosting exports to Hong Kong

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Báo QĐND English - 71 month(s) ago 8 readings

Boosting exports to Hong Kong

A seminar on promoting exports through fairs in Hong Kong (China) was held in Hanoi on April 5.

The event, co-organized by the Ministry of Industry and Trade (MoIT) and the Hong Kong Trade Development Council (HKTDC), aims to provide Vietnamese businesses with helpful information about the Hong Kong market.

Le Xuan Duong, head of the trade promotion agency under the MoIT, said Hong Kong is a gateway to the Chinese market. The rising cost of production in China has forced some companies in Hong Kong to move from the mainland to Vietnam.

The director of the HKTDC office in Ho Chi Minh City, Tina Phan, said that the fastest way to bring Vietnamese goods to the world market is to take part in exhibition fairs in Hong Kong.

The import-export turnover between Vietnam and Hong Kong in 2011 was estimated at US$8.4 billion. Vietnam’s exports to Hong Kong reached US$2.5 billion (up 41 percent) while its imports from Hong Kong hit US$5.9 billion (up 60 percent) from the previous year.

Currently, Vietnam ranks 13 th among 17 countries which have major trade deals with Hong Kong.

Source: VOV

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